Leoni expects rise in 2005 dividend - paper

Newswire

FRANKFURT, Jan 22 (Reuters) - German automotive supplier Leoni expects to pay a higher dividend for 2005, its chief financial officer Dieter Belle told the Frankfurter Allgemeine Sonntagszeitung in an interview. "According to our dividend policy, we distribute around a third of our annual net profit. For 2005, this should be considerably higher than the previous year," he told the paper in a story published on Sunday. In 2004, Leoni made a net profit of 33.2 million euros ($40.1 million) ...

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